2024-08-13T22:27:00-07:00 2023-12-31 454463114 Weiss Bowens and Magson LLP 1255 Callens Rd Ste C Ventura CA 93003 990 2023-01-01 770314562 VENTURA MUSIC FESTIVAL ASSOCIATION INC VENT 8056483146 701 EAST SANTA CLARA STREET VENTURA CA 93001 LALE WELSH Executive Director 2024-08-13 true true Scott Weiss CPA CMA P00019541 8056423800 2023 2024-08-08 14:25:15Z 701 EAST SANTA CLARA STREET VENTURA CA 93001 1572833 false X WWW.VENTURAMUSICFESTIVAL.ORG X 1994 CA THE VENTURA MUSIC FESTIVAL (VMF) PRESENTS AND PRODUCES LIVE MUSICAL PERFORMANCES THAT INSPIRE, EDUCATE, AND ENTERTAIN. VMF IS DEDICATED TO PROVIDING MUSIC EDUCATON TO SCHOOLS K-12 AND PROMOTES CULTURAL DIVERSITY, ARTISTIC GROWTH, AND MEANINGFUL CONNECTIONS THROUGH THE UNIFYING POWER OF MUSIC. 12 0 4 0 157166 137458 77826 97906 64636 603769 17080 14705 316708 853838 0 0 164536 189290 0 86401 316284 452590 480820 641880 -164112 211958 2948088 3168773 7805 16534 2940283 3152239 THE VENTURA MUSIC FESTIVAL (VMF) PRESENTS AND PRODUCES LIVE MUSICAL PERFORMANCES THAT INSPIRE, EDUCATE, AND ENTERTAIN. VMF IS DEDICATED TO PROVIDING MUSIC EDUCATON TO SCHOOLS K-12 AND PROMOTES CULTURAL DIVERSITY, ARTISTIC GROWTH, AND MEANINGFUL CONNECTIONS THROUGH THE UNIFYING POWER OF MUSIC. false false 348148 THE VENTURA FESTIVAL STANDS AS ONE OF THE COUNTY'S SIGNATURE EVENTS, ATTRACTING UPWARDS OF 6,000 CONCERTGOERS DURING TWO WEEKENDS OF JULY. THE FESTIVAL PRESENTS THE FINEST MUSICIANS PERFORMING THE WORLD'S GREATEST MUSIC AT SEVERAL VENUES AND ENCOURAGES A PERSONAL RELATIONSHIP BETWEEN THE AUDIENCE AND PERFORMERS. 348148 true true false false false false false false false true true false false false true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 4 true false false false false false false false 0 false false false false false false false X 12 0 false false false false false false false true true false false true true true true true false true false false CA X X LACEY UTTER 8056483146 701 EAST SANTA CLARA STREET VENTURA CA 93001 X LALE WELSH EXECUTIVE DIRECTOR 50.00 0.00 110000 0 0 GRACE MOONEY MEDIA & OUTREACH DIRECTOR 40.00 0.00 66560 0 0 NUVI MEHTA ARTISTIC DIRECTOR 13.00 0.00 48000 0 0 BRADLEY TABACH-BANK Director 1.00 0.00 X 0 0 0 PATRICIA LATHROP-MCPHERSON Secretary 1.00 0.00 X X 0 0 0 RICHARD REISMAN Chairman 1.00 0.00 X 0 0 0 TIMOTHY SMITH Treasurer 1.00 0.00 X X 0 0 0 MICHAEL BOYKO Director 1.00 0.00 X 0 0 0 BETSY CHESS Director 2.50 0.00 X 0 0 0 DOUG HALTER Director 1.00 0.00 X 0 0 0 ERIC OLTMANN Director 1.00 0.00 X 0 0 0 STEVE PERREN Director 1.00 0.00 X 0 0 0 S BLAKE WADE Director 1.00 0.00 X 0 0 0 ROZ WARNER Director 1.00 0.00 X 0 0 0 JAIME VELEZ Director 1.00 0.00 X 0 0 0 224560 1 false false false 0 9950 7500 120008 137458 CONCESSION REVENUE 711300 287 287 PROGRAM SERVICE CHARGE 711300 6147 6147 TICKET SALES 711300 91472 91472 97906 597770 597770 0 0 9752 9752 9752 9752 724447 718448 5999 5999 5999 5500 9950 547 4953 0 0 0 853838 711427 X 0 0 0 0 119708 71825 23942 23941 0 49480 25259 21124 3097 0 6039 6039 14063 8033 3769 2261 0 0 2500 2500 0 0 30299 30299 210982 147606 49621 13755 11954 11549 405 4002 559 3443 3591 3591 0 66814 12090 33224 21500 4648 4239 23 386 0 0 55 55 0 425 142 142 141 6894 6894 ARTISTIC PRODUCTION COSTS 58300 43250 9830 5220 MISC DEVELOPMENT COSTS 30027 14006 1885 14136 Printing and Publications 10248 8358 331 1559 Postage and Shipping 6587 68 6519 5264 1164 4100 641880 348148 207331 86401 151369 183318 0 0 0 0 0 0 0 0 12244 8425 3819 2781270 2981636 0 0 0 15449 0 2948088 3168773 6705 16533 1100 1 7805 16534 X 2924834 3127239 15449 25000 2940283 3152239 2948088 3168773 X 211958 -2 X false false false X 364320 161245 279635 157166 132403 1094769 0 0 364320 161245 279635 157166 132403 1094769 157032 937737 11424 50955 81239 78136 408078 629832 0 0 1724601 0.54370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2557009 5000 602305 151907 30771 2981636 3238551 -513949 4418 139000 24175 2557009 2972228 451947 170000 15625 3238550 1334673 1300000 496098 140000 18543 2972228 1243728 88244 2701 1334673 true false false 12244 8425 3819 3819 Rounding 1 1 Part V, Line 4: Intended uses of the endowment fund. IN 2007, THE ASSOCIATION ESTABLISHED AN ENDOWMENT FUND PROGRAM TO INVEST RESTRICTED DONOR FUNDS WITH THE VENTURA COUNTY COMMMUNITY FOUNDATION (THE "FOUNDATION"). THE FOUNDATION IS A SEPARATE INDEPENDENT ORGANIZATION WHICH WAS FORMED TO PROVIDE A VEHICLE THROUGH WHICH CONTRIBUTIONS AND BEQUESTS CAN BE MADE FOR CHARITABLE, EDUCATIONAL AND RELATED PURPOSED, AND SO THAT THE FUNDS MAY BE ADMINISTERED AND DISTRIBUTED BY A COMPETENT AND INDEPENDENT ORGANIZATION. AMOUNTS INVESTED IN THE FOUNDATON ARE POOLED FOR INVESTMENT PURPOSES AND ARE ACCOUNTED FOR AT FAIR VALUE. AFTER REACHING A $10,000 FUND BALANCE, THE INCOME EARNED ON THE ENDOWMENT FUND, NET OF RELATED FEES, CAN BE WITHDRAWN BY THE ASSOCIATION FOR ITS USE ON AN ANNUAL BASIS BY WRITTEN CONSENT OF ITS BOARD OF DIRECTORS. IN ADDITION, THE ORIGINAL PRINCIPAL INVESTED BY THE ASSOCIATION CAN BE WITHDRAWN BY THE ASSOCIATION WITH THE WRITTEN CONSENT OF A TWO-THIRDS MAJORITY OF ITS BOARD OF DIRECTORS AT A RATE OF NO MORE THAN 25% OF THE ORIGINAL PRINCIPAL PER CALENDAR YEAR. THE INVESTMENT EARNINGS ON THE ORIGINAL PRINCIPAL REPRESENT THE BOARD DESIGNATED ENDOWMENT. IN ADDITION, A BOARD DESIGNATED ENDOWMENT WAS ESTABLISHED IN 2018, PROVIDING FOR A 5% ANNUAL MINIMUM DISTRIBUTION FOR OPERATIONS. IN 2023, THE BOARD INCREASED THE AMOUNT DRAWN FROM THE ENDOWMENT ACCOUNT FROM 5% TO 10%. false FUNDRAISING 15450 9950 5500 547 15450 9950 5500 547 547 4953 Form 990, Part VI, Section B, Line 11b THE FORM 990 IS INITIALLY REVIEWED BY THE EXECUTIVE DIRECTOR AND ACCOUNTANT, THEN PROVIDED TO THE BOARD MEMBERS PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c Attached, please find our Conflict of Interest policy. Here is what all Board members are given to fill out annually at the Board Retreat in January should they have a conflict.Please also see the "Professional Code of Conduct policy" for all Board, staff and volunteers which reiteratesthe issue (highlighted). Form 990, Part VI, Section B, Line 15a THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APROVES THE EXECUTIVEE DIRECTOR'S COMPENSATION. Form 990, Part VI, Section C, Line 18 FORM 990 FOR THE REQUIRED YEARS IS AVAILABLE FOR REVIEW DURING REGULAR BUSINESS HOURS AND COPIES ARE PROVIDED UPON REQUEST. Form 990, Part VI, Section C, Line 19 THE GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE LOCATED AT 472 EAST SANTA CLARA STREET, VENTURA, CA, AND ARE AVAILABLE FOR REVIEW DURING REGULAR HOURS AND COPIES ARE PROVIDED UPON REQUEST. Form 990, Part XI, Line 9 ROUNDING = -$2